Falling Odds for Health Care: From 46% to 35.5%
Over the last ten days, the Intrade odds for health care reform by December have fallen from 46% to 35.5%.Originally posted at Carpe Diem, not for reposting on Death and Taxes.
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Saturday, August 15, 2009
Over the last ten days, the Intrade odds for health care reform by December have fallen from 46% to 35.5%.Originally posted at Carpe Diem, not for reposting on Death and Taxes.
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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3 Comments:
Everything is being torn in all directions, so I don't foresee this coming out as Obama envisioned, if at all. Obviously, many on the conservative side are obstinate to this, and even liberals, many of whom don't support what they see as a "watered-down" compromise, are not completely onboard.
While it's imperative we get health care costs down, it's perhaps even more so we get our financial act pulled together, and as a nation, we experience a collective sense of growing up.
Going a mile off subject, but entering some good news: anybody who follows the news of natural gas, shale gas in particular, may be interested in reading this interview with George P. Mitchell (not to be confused with Middle East special envoy George J. Mitchell), the founder of Mitchell Energy Development (now part of Devon) - one of the high-time innovators of modern shale gas extraction techniques. Take particular note to his prediction of how low Barnett Shale production costs are going to come down - within months.
This is not for health-care reform, it's for a public option (i.e. a federal government run insurance option)
Exact quote: A "federal government run health insurance plan to be approved before midnight ET 31 Dec 2009"
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